Job Detail

Change Lead (Director) SEC Swaps Dealer program

Change Lead (Director) SEC Swaps Dealer program
Primary Location
New York
Bachelor's Degree
Rate Type
Per year
Job Description

Prospect 33 has been engaged by a significant global financial institution to support the implementation of a key SEC regulation for “Major Security-based Swap Participants”.

The Securities and Exchange Commission has adopted a package of rule amendments, guidance, and a related order to expand and improve the framework for regulating cross-border security-based swaps, including single-name credit default swaps. 

Prospect 33 is looking for a Director level Change lead with an appropriate balance of domain expertise, change management background, and regulatory experience to help the bank stand up the necessary framework to ensure compliance by November 1st 2021.

Job Requirements

The appropriate change lead will have a balance of technical knowledge, change management expertise, and the ability to deliver a complex regulatory program in a large SIFI.

Knowledge of and ability to effect, design, and implement :

  • appropriate policies and procedures
  • Strong documentation 
  • Setup and handover to BAU

The adoption of this package also stands up the Commission’s broad security-based swap regulatory regime as it triggers the compliance date for security-based swap entities to register with the Commission and the implementation period for previously adopted rules under Title VII of Dodd-Frank.

These rules establish a coherent approach to the regulation of margin, capital, segregation, recordkeeping, and reporting and business conduct for security-based swaps.

A confident level of domain knowledge in this space is a critical component of this program.

Prospect 33 is an equal opportunity employer.

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